Great Expectations

Great Expectations

  This week’s big news was the Fed’s announcement that it’s raising its benchmark interest rate by 75 basis points (0.75 percentage points). That was the Fed’s biggest interest-rate increase since 1994. This surprise move was in direct response to the...
Measuring Inflation

Measuring Inflation

  Inflation—a general rise in the price of goods and services in an economy—can be problematic for the stock market for various reasons. Not only do input prices go up, which can crimp corporate profits, but consumers lose purchasing power if wages don’t also...
Zombie Companies

Zombie Companies

  What do you get when you combine dirt-cheap funding with a preference to invest in companies heavy on intangible assets? Two words: zombie companies. According to a new research paper by the University of Minnesota, the percentage of U.S. public firms with zero...